Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.031%

Price spread now: Extended against OKX−0.006%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.006%, 7d avg +0.077%

Together, before fees+0.100%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.082% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.3880	0.0100	pay 0.0100% / 8h	3h 23m	$2.2M	$17.5M	20x
Short	Extended AR-USD	4.3877	0.0104	get 0.0013% / 1h	23m 01s	$36K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0.84
Price spread: −0.006% → +0.077%: −$8.25
Slippage, 4 orders: −$76.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$98.73
Costs to cover: 0.913%
Break-even: 829.7 days

Slippage from OKX: live order book, just now; Extended: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, just now	1.14 bp	15.6 bp −$16	239.9 bp −$2,399	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	5.09 bp	28.0 bp −$28	289.7 bp −$2,897	doesn't fit	doesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ARUSD	−0.1230%	1h	4.3877	−0.007%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3903	+0.052%	$564K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3875	−0.012%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3897	+0.039%	$8.6M	$50.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3890	+0.023%	$4.5M	$8.5M	75x	as long as short
OKX AR-USDT-SWAPlong	+0.0100%	8h	4.3880	long leg	$2.2M	$17.5M	20x
Gate AR_USDT	+0.0100%	8h	4.3880	0.000%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3900	+0.046%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.3910	+0.068%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3880	0.000%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3900	+0.046%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3942	+0.141%	$233K	$414K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3910	+0.068%	$19K	$714K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.3877	−0.006%	$36K	$237K	10x
BloFin AR-USDT	+0.0220%	8h	4.3850	−0.068%	$414K	$468K	20x	as long as short
Hyperliquid AR	+0.0336%	1h	4.3944	+0.146%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+0.820%	$2K	$5K	5.5x	as long as short